May 2016
What do our latest interns think of Creditinfo?
Creditinfo regularly host interns at many of their offices worldwide. Recently, 3 interns worked for Creditinfo Malta and Creditinfo International. Find out how they found their experience working for Creditinfo and in a foreign country.
Risk Challenge Micro 2016: Micromarkets. Macroscopes
The first specialized forum for microfinance organizations the Risk Challenge Micro 2016: Micromarkets. Macroscopes took place in Almaty on the May 15, 2016. The forum was organized by the First Credit Bureau with support of “Damu” Entrepreneurship Development Fund” JSC, National Chamber of Entrepreneurs “Atameken”, Akimat of Almaty, Kazakhstan Association of FinTech organizations (specialized association for Internet-lenders) and others partners.
Utilities ‘sign on’ to Share Data with Creditinfo Guyana Credit Bureau
All of the Guyana’s commercial banks, as well as some major state and non-state service entities, have now signed on as data providers to Creditinfo Guyana Credit Bureau, a development which has created an enabling environment in which larger numbers of persons can, potentially, secure hassle-free and in many instances, badly needed credit.
Creditinfo Localises Credit Scoring, Cites High Credit Card Usage
Jamaica’s loan market was valued at $544 billion throughout the banking system at the end of 2015. Credit-card transactions in that year topped $212 billion. It reflected an annual increase of 10.6 per cent in the value of transactions, while volumes rose 13.5 per cent to 14.7 million transactions, according to Central Bank data.
From May 2016, Creditinfo Jamaica will now provide localised credit scores. Previously, although Creditinfo Jamaica provided access to credit scores since October 2013, the score offered then was based on an expert model. Simply put, the model used then was based on certain features from another market with vast similarities to Jamaica. The localisation of credit scores typically requires nine to 18 months of consecutive data and a rigorous assessment process. The localised score model will help both consumers and lenders as it is more predictable than the expert model and therefore affords a better decision process for subscribers.
